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Pay in full or minimum paymeny

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ineedcreditbad
Regular Contributor

Pay in full or minimum paymeny

Guys,

 

Do you think its worth paying off your credit card in full every month or just pay the minimum only, based on the current economic situation.

 

Ed

 

Message 1 of 16
15 REPLIES 15
Anonymous
Not applicable

Re: Pay in full or minimum paymeny

I believe everyone will go with the PIF.
Message 2 of 16
Creditaddict
Legendary Contributor

Re: Pay in full or minimum paymeny

if you are capable of paying the full balance, Why would you want to carry the balance and pay interest?
Message 3 of 16
Anonymous
Not applicable

Re: Pay in full or minimum paymeny

PIF, especially right now.
Message 4 of 16
Uniqua
Established Contributor

Re: Pay in full or minimum paymeny

Survey says .......................... (ping) PIF!
Message 5 of 16
ineedcreditbad
Regular Contributor

Re: Pay in full or minimum paymeny

Thanks you guys are helpful as always.
Message 6 of 16
cobra19
Valued Contributor

Re: Pay in full or minimum paymeny

IMO, it's better to let a couple of cards report a small balance ( < 3% ) every month.
New York Yankees - 2009 World Series Champions. 27... and counting.....
Message 7 of 16
Creditaddict
Legendary Contributor

Re: Pay in full or minimum paymeny

report but not carry the balance!
Message 8 of 16
Anonymous
Not applicable

Re: Pay in full or minimum paymeny


@cobra19 wrote:
IMO, it's better to let a couple of cards report a small balance ( < 3% ) every month.

 

Cobra

I still like thoes scores and ive read time and time again about carring a small balance for FICO Scoring reasons.

Message 9 of 16
Miner
Frequent Contributor

Re: Pay in full or minimum paymeny

You can pay in full and still have a balance reported.

 

I vote for PIF.  Paying interest is stupid if you can afford to pay it off.

 

 

Current FICO8: EQ:782, TU:754, EX:767 | 1x 30 day late 6yrs ago
AAoA: 10 years; AAoOA: 13 months; Credit Length: 21 years
INQ Eq: 3 / Tu: 5 (4 for auto) / Ex: 9 (5 for auto)
Message 10 of 16
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